Thursday 1/14 Insider Buying Report: TUES, AEO Thursday, January 14, 10:34 AM ET
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Tuesday Morning (TUES), a filing with the SEC revealed that on Wednesday, Chief Executive Officer Steven R. Becker purchased 1,055,467 shares of TUES, at a cost of $5.14 each, for a total investment of $5.43M. Becker was up about 11.5% on the buy at the high point of today's trading session, with TUES trading as high as $5.73 in trading on Thursday. Tuesday Morning is trading up about 9.1% on the day Thursday. Before this latest buy, Becker made one other purchase in the past twelve months, buying $547,111 shares for a cost of $5.37 a piece.
And at American Eagle Outfitters (AEO), there was insider buying on Monday, by CEO Jay L. Schottenstein who bought 164,257 shares at a cost of $13.22 each, for a total investment of $2.17M. Before this latest buy, Schottenstein made one other buy in the past twelve months, purchasing $7.87M shares at a cost of $15.74 each. American Eagle Outfitters is trading up about 2% on the day Thursday. Schottenstein was up about 9.1% on the purchase at the high point of today's trading session, with AEO trading as high as $14.42 in trading on Thursday.
For MarketNewsVideo.com, I'm Sayoko Murase.
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